CyrusOne Inc. Announces Closing of Zenium Acquisition
CyrusOne Inc. (“CyrusOne”), a premier global data center REIT, today announced that it has closed its previously announced acquisition of Zenium Data Centers (“Zenium”), a leading hyperscale data center provider with properties in London and Frankfurt, Europe’s two largest data center markets.
“We are excited to take this important step in establishing a European footprint at a time when our customers are expanding globally and demand across the continent is accelerating, particularly for larger deployments,” said Gary Wojtaszek, president and chief executive officer of CyrusOne. “We believe there is a tremendous opportunity as the market continues to evolve rapidly. With this acquisition, as well as additional development sites we have in process in key markets across Europe, we will be very well positioned to help our customers as their business requirements grow, while creating significant value for our shareholders.”
“We are thrilled to enter the European marketplace through the milestone closing of the Zenium acquisition,” said Jonathan Schildkraut, executive vice president and chief strategy officer of CyrusOne. “By the end of 2019, we expect our European platform to provide nearly 250 megawatts of potential data center inventory, inclusive of both the Zenium platform together with our organic site development efforts, spread across four major markets, giving us one of the largest platforms in Europe. With this closing achieved, we will now broaden our expansion efforts to include additional markets in other key geographies across the globe.”
The acquisition of Zenium is the critical first step of CyrusOne’s previously announced European expansion strategy. The European data center market is growing quickly with strong demand for larger deployments, a market segment for which CyrusOne has unique expertise and capabilities. Take-up across London, Frankfurt, Amsterdam and Paris in the first half of 2018 was 87 megawatts (“MW”), up 50% from the first half of 2017.
The Zenium portfolio includes four operating properties in London and Frankfurt with nearly 20 MW of critical load capacity available for lease-up, as well as additional development sites in London and Frankfurt with the potential to add an incremental 31 MW of critical load capacity upon full build-out.
The transaction meaningfully accelerates CyrusOne’s ability to address the increasingly global needs of its existing customers. At the same time, the Company’s expanding footprint will allow CyrusOne to more effectively compete for opportunities from potential customers looking for a single provider with a geographically diverse presence. CyrusOne also expects to benefit from significant operating leverage as the combined company expands within these markets as well as into new markets. CyrusOne currently has development sites in process across London, Dublin, Frankfurt and Amsterdam that, when combined with Zenium, would result in a total prospective European footprint of nearly 250 MW.
CyrusOne financed the Zenium acquisition with proceeds from its $300 million delayed draw term loan and borrowings under its $1.7 billion revolving credit facility. CyrusOne also assumed approximately $85 million of debt outstanding under Zenium’s EUR-denominated credit facility.
- Senior Identity and Access Management Consultant (IDAM)
- €70,000 - €85,000
(Security Consultant, Technical Consultant, Consultant, IDAM, CyberArk, RSA, Cyber, Security, Germany) Location: Frankfurt *Candidates must be EU based (Germany preferred) as our client are unable to provide sponsorship* Senior Identity and Access Management consultant (IDAM) subject matter expert is needed to lead and drive technical and or business transformation projects in a client facing position for a prestigious consultancy in Frankfurt, Germany. A broad technical knowledge across Identity and access management is essential. Technical hands-on experience with one or more of the following Ping, Forgerock, Cyberark, RSA Aveksa is highly desirable. A successful individual will be client facing and MUST be able to effectively engage, consult and provide advice to complex client engagements. The position will give the Senior Identity and Access Management consultant the opportunity to work with top tier clients with the view of making a meaningful strategic difference. If you are passionate about your industry and specialise in the IDAM space and are looking for a new challenge to step up, apply today and speak with the Security team. Call DCL Search & Selection on 0208 663 4030 and find out about more of our cybersecurity jobs. Reference: TC7528 (Security Consultant, Technical Consultant, Consultant, IDAM, CyberArk, RSA, Cyber, Security, Germany)
- Business Development Manager (IoT Connectivity Solutions)
- Up to €120,000 plus bonus and benefits
Experienced Business Development Manager is required for an expanding Service Provider to sell/position their IOT connectivity solutions into the Manufacturing Sector within the German market. This is a great opportunity to join a key player within this space, who have a number of successful projects for you to reference, they have the skills and the network but now needs the key person to help take the message to market You need to have proven sales experience within the mobile cellular IOT connectivity space and ideally knowledge of the manufacturing sector, this is a true consultancy role, you will be comfortable working with other sales team within the business but also able to directly approach key customers yourself. Great opportunity to join an expanding business as they grow their German Presence Ref: RA7259 (IoT Sales Jobs, IoT Sales, IoT Sales Executive, IoT Business Development Manager)
- Services Manager (Telecommunications)
- Up to £75,000 plus benefits and bonus
Service Manager with telecommunications experience is required for a tier 1 service provider. You will be responsible for managing a number of key global account, acting as the voice of the customer within the business. Your key objectives will include: Responsibility for overall service relationship with the customer To enhance the customer experience To protect and grow customer revenues You will be working within a global business where you will be managing different services from different parts of the globe and therefore must be able to demonstrate where you have ideally worked within a similar environment. You will be a key member of the service management team responsible for a number of key accounts. You must have experience as a Service Manager from either a telecom/telecommunications or hosting business dealing with services to corporate accounts, you will need to have knowledge around telecom/telecommunications solutions. Ref: RA7255
- Infrastructure / Forensic Lab Manager
- Up to £40,000 Base
Infrastructure / Lab Manager needed to join a consulting business near London Bridge. MUST be commutable on a daily basis. The Infrastructure / Forensic Lab Manager will be responsible for the upkeep, performance, security/patching etc of the hardware/software used by the consultants across the UK business. Broad IT experience covering both on-prem - Cloud (Azure) environments, Hyper V, Security Information and Event Management tools (such as SPLUNK). Specific experience with Forensic / eDiscovery Labs (Relativity / Nuix) is highly desirable. The Infrastructure / Forensic Lab manager will be a key hire within the technical team being the escalation point for any internal IT issues. Experience liaising with remote/international stakeholder is essential. All details kept in the strictest of confidence. Apply today and or contact Chris.Holt@dclsearch.com *For this position candidates must be UK based and our client is unable to sponsor candidates outside of the EU* Ref: CH7533 (Forensics Jobs, Digital Forensics Jobs, Forensics Lab Manager)